Goods and Services Tax
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First GST Appellate Authority cannot remand matters to Adjudicating Authority: Allahabad HC
GST Penalty Order Quashed for Passing Before Reply Deadline Expired: P&H HC
Cross-Charge Valid for Common ITC Distribution Before April 1, 2025: Karnataka HC
GST Summons to Director Challenged for Alleged Harassment of Director
GST Section 74 Not for System Mismatches: What Sterling & Wilson Case Means for Taxpayers
Valuation in case of recipient given goods or services to supplier for free of cost
Intermediary Services -Litigation Hotspot under GST and way ahead
GST on Joint Development Agreements for Residential Projects Intended for Sale
ITC Denied on Leasehold Rights as Linked to Construction of Immovable Property: AAAR Tamilnadu
GSTN Clarifies Appeal Rights Due to Incorrect NIL Demand in Adjudication Orders
No Ruling on ITC Refund Eligibility Due to Withdrawal of AAR Application
GST Not Applicable on Bank Rebates as No Supply Involved: AAR Karnataka
No Ruling on Margin Scheme Benefit on Used Car in GST Case Due to Lack of Evidence
Biodiesel Blend Classification Clarified Due to Petroleum Content Threshold Rule
Goods and Services Tax India
The Goods and Services Tax or better known as GST is a Value added Tax and is a comprehensive indirect tax which is levied on the manufacture, consumption, and sale of goods and services. The Goods and Services Tax in India would replace all the indirect taxes which are levied today on goods and services by the Central and the State governments. GST is intended to be comprehensive for most of the goods and services. Goods and Services Tax is a single indirect tax for the entire nation, which would make India a unified market. It is proposed to be a single tax on supply of goods and services, from a manufacturer to the end consumer. The credit of all the input taxes which are paid at each and every stage would be allowed in the following stages of value addition that makes GST basically a tax on value addition only at every stage. The end consumer would have to bear only the Goods and Service Tax which is charged by the final dealer within the supply chain, together with all the set-off benefits availed at previous stages.
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